By Allison Pohle

Vail Resorts's quarterly results out late Monday beat analyst estimates, providing a lift during an icy time for many stocks.

Revenue in the period ending Jan. 31 grew about 6% from a year earlier, while a key measure of profit rose by about 12%.

The Broomfield, Colo.-based company, which operates 42 mountain resorts in the U.S., Europe and Australia, also reiterated resort guidance for earnings before interest, taxes, depreciation and amortization for the fiscal year that it had issued last fall.

The company expects improved performance in coming months, Chief Executive Kirsten Lynch said on an earnings call late Monday, because visitation has shifted, with more people skiing at destination resorts in the spring.

Earlier this ski season, a 12-day ski-patrol strike closed most runs at the company's largest U.S. resort in Park City, Utah. A minority investor called for the ouster of multiple executives, including the CEO.

The stock is down roughly 31% over the last year and around 59% from a November 2021 peak.

More details from Vail's fiscal second-quarter report:

-- Net income attributable to Vail Resorts rose to $245 million from around $219 million a year earlier.

-- On average, pass prices for next season have increased 7% over the prior season's launch price.

-- North American skier visits were down 2.5% through March 2, 2025, compared with a year earlier.

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(END) Dow Jones Newswires

March 11, 2025 08:40 ET (12:40 GMT)

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